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This paper analyzes the importance of equity finance for the R&D activity of small and medium-sized enterprises. We use information on almost 6000 German SMEs from a company survey. Using the intensity of banking competition at the district level as instrument to control for endogeneity, we find...
Persistent link: https://www.econbiz.de/10003301146
studies, the focus is on the proportion of bank credits and internal funds as parts of innovation expenditures. The regression … showing high R&D intensity also use bank credits as financial sources for innovation only to a limited extent. As a result of …
Persistent link: https://www.econbiz.de/10013075216
considerations, the focus is on the share of internal funds, bank loans and subsidies on the volume of innovation expenditure …
Persistent link: https://www.econbiz.de/10012977600
This paper analyzes the importance of equity finance for the Ramp;D activity of small and medium-sized enterprises. We use information on almost 6000 German SMEs from a company survey. Using the intensity of banking competition at the district level as instrument to control for endogeneity, we...
Persistent link: https://www.econbiz.de/10012709829
that they employ.In order to account for non-R&D innovation activities, we apply the STI/DUI concept as a theoretical … starting point. This distinguishes between (1) the science, technology, innovation (STI) mode with its strong emphasis on … modes of learning and innovation exist within the German SME sector: the supplier-dependent DUI group, the customer …
Persistent link: https://www.econbiz.de/10012040194
This paper examines the use of innovation protection mechanisms in small and medium enterprises (SMEs). By starting … seems to be essential for many SMEs because of their informal mode of learning and innovation characterized by experience …
Persistent link: https://www.econbiz.de/10012966706
that they employ. In order to account for non-R&D innovation activities, we apply the STI/DUI concept as a theoretical … starting point. This distinguishes between (1) the science, technology, innovation (STI) mode with its strong emphasis on … modes of learning and innovation exist within the German SME sector: the supplier-dependent DUI group, the customer …
Persistent link: https://www.econbiz.de/10012863423
This paper analyzes the importance of equity finance for the R&D activity of small and medium-sized enterprises. We use information on almost 6000 German SMEs from a company survey. Using the intensity of banking competition at the district level as instrument to control for endogeneity, we find...
Persistent link: https://www.econbiz.de/10010365872
This article examines the impact of innovation on employment growth in innovating small and medium enterprises using a … quantile regression approach. The key findings are that innovation has a positive effect on employment in both growing and … shrinking firms. The impact of innovation on employee headcounts is much stronger in companies that are already experiencing …
Persistent link: https://www.econbiz.de/10003806158
Persistent link: https://www.econbiz.de/10003849642